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IN RE WALDEN RIDGE DEVELOPMENT, LLC

No. 02-45411.

292 B.R. 58 (2003)

In re WALDEN RIDGE DEVELOPMENT, LLC, Debtor.

United States Bankruptcy Court, D. New Jersey.

April 28, 2003.

Attorney(s) appearing for the Case

Yale I. Lazris, Mandelbaum, Salsburg, Gold, Lazris, Discenza & Steinberg, P.C., West Orange, NJ, for Nicholas Rizzo, t/a Edgewater Associates.

Timothy P. Neumann, Broege, Neumann, Fischer & Shaver, LLC, Manasquan, NJ, for Debtor.

OPINION

DONALD H. STECKROTH, Bankruptcy Judge.

These matters are before the court upon (1) the motion by Nicholas Rizzo to dismiss the Chapter 11 as a bad faith filing pursuant to 11 U.S.C. § 1112(b) or, alternatively, to vacate the automatic stay under 11 U.S.C. § 362(d), which the Debtor has opposed, and (2) the Debtor's motion to (A) assume an option agreement and (B) assume and assign a contract for the purchase of real property, which...

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